Glossary
Received From
The payee for each item. If you specified a nickname for the payee,
that name is displayed.
Recurring External Transfers
Recurring transfers are funds transfers between an account at
M&I
and one at another financial organization that you want to repeat at regular
intervals.
Recurring Transfers
Funds transfers between accounts at
M&I
that you want to repeat at regular intervals.
Reversals
An ACH entry or file sent with required deadlines to correct or
reverse a previously originated duplicate or erroneous entry or
file.
Routing Number
A nine digit bank code which appears on the bottom of negotiable
instruments such as checks that identifies which financial institution it is
drawn upon. This code is also used to process direct deposits and other
automated transfers.
Running Balance
This is the amount that appears on the right side of the Account
Activity screen. It reflects the day's starting balance in your account, plus
any credits that have posted to your account throughout the day, minus any
debits that have posted to your account throughout the day, minus any merchant
authorizations. Please note, this amount does not reflect any holds that may be
placed on balances in or deposits to your account.
